Since 1973, organizations have been demonstrating the ROI of talent development programs. While initially only a few early adopters spent the time learning how to do it credibly, today, organizations in over 70 countries, across all sectors, have adopted ROI as a fundamental measure of success. Yet, there are still some who have yet to adopt it due to lack of information, misinformation, or just plain lack of interest. Confusion about what ROI is, how to do it, when to do it, and why it’s important, suppresses the opportunity to further position the talent development function as a value creating entity within the organization. This session will address these issues. During the session, you will learn to calculate ROI. Guidelines will be given to help you choose which programs are viable for impact and ROI evaluation. The session will be practical and interactive. Appropriate for all learning professionals, simple math will be applied during exercises. You should be prepared to engage with the content and have fun.
By attending this session, you will be able to:
- Determine a program’s annual monetary benefit following five steps
- Determine fully-loaded costs of programs
- Calculate an ROI, given a program’s monetary benefits and costs